Overview
- Shares opened at Rs 114 on BSE and Rs 112 on NSE versus the Rs 100 issue price, a 14% and 12% premium, respectively.
- Early trade saw gains extend to roughly 17–20% above issue price, topping pre‑listing expectations reported by GMP trackers.
- The offer drew 17.60x subscription with bids for 641.87 crore shares against 36.48 crore on offer, led by QIBs at 22.02x, NIIs at 14.20x, and retail at 9.43x.
- The Rs 6,632.3 crore issue comprised a Rs 1,060 crore fresh sale plus a Rs 5,572.3 crore OFS, with new funds earmarked for brand building, the NBFC arm, margin trading and cloud infrastructure.
- Ahead of the debut, the company raised about Rs 2,984 crore from anchor investors, while unofficial grey‑market premiums had slipped to low single digits.